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Intel: Back up the truck |
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| Oct 26, 2009 03:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Intel (INTC), Stocks to Buy  Bellwether Intel (NASDAQ: INTC), the world's largest semiconductor manufacturer, is signaling that the global economic recovery is strengthening, which is why I'm Reiterating my Buy rating for the company, first recommended on March 30, 2009 at a price of $14.72. If you bought Intel in late March, you're up 34%.Look for Intel's FY2010 revenue to increase 10-15%, as customers re-build inventories to prepare for ramping demand for computers, and chip-laden devices, each of which thoroughly explains why institutional investors (IIs) have looked past INTC's poor FY2009 results. The First Call FY2009/FY2010 EPS estimates for INTC are 80 cents to $1.46. Continue reading Intel: Back up the truck Intel: Back up the truck originally appeared on BloggingStocks on Mon, 26 Oct 2009 10:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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